{"id":1328,"date":"2016-05-26T10:46:39","date_gmt":"2016-05-26T10:46:39","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1328"},"modified":"2016-05-26T10:46:39","modified_gmt":"2016-05-26T10:46:39","slug":"hmrc-reels-in-record-breaking-1-2bn-in-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/hmrc-reels-in-record-breaking-1-2bn-in-stamp-duty\/","title":{"rendered":"HMRC reels in record-breaking \u00a31.2bn in stamp duty"},"content":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) reeled in a record-breaking \u00a31.2billion in Stamp Duty last month, from a total of 173,430 property transactions, according to the Taxman\u2019s latest data.<!--more--><\/p>\n<p>The figures represent the highest Stamp Duty takings ever recorded in a single month, after landlords, investors and second home buyers settled their tax bills following the so-called \u2018buy-to-let rush\u2019 in March.<\/p>\n<p>HMRC\u2019s data also revealed a significant drop in residential property transactions since George Osborne\u2019s second home Stamp Duty Land Tax (SDLT) surcharge took effect.<\/p>\n<p>Transactions plummeted by more than 100,000 in April, following March\u2019s colossal figures.<\/p>\n<p>A separate study conducted by the Council of Mortgage Lenders (CML) showed that buy-to-let purchase mortgages were up 290 per cent in March year-on-year.<\/p>\n<p>Experts have been keen to point out that Stamp Duty nets nearly as much for The Treasury as Inheritance Tax (IHT) and Capital Gains Tax (CGT) combined.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) reeled in a record-breaking \u00a31.2billion in Stamp Duty last month, from a total of 173,430 property transactions, according to the Taxman\u2019s latest data.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1328"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1328"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1328\/revisions"}],"predecessor-version":[{"id":1329,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1328\/revisions\/1329"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}